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Dec 10, 2012
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>>> this morning on "meet the press," time is running out to avoid the fiscal cliff. is a deal closer than most think? >>> this morning on "meet the press," time is running out to avoid the fiscal cliff. is a deal closer than most think? >>> in public, the lines are drawn. but behind the scenes, the give and take over taxes and entitlement cuts point toward a deal by christmas. what is standing in the way? this morning, the debate is right here. the house speaker's top lieutenant, congressman kevin mccarthy, and top white house ally, the assistant senate majority leader, dick durbin. mccarthy and durbin square off. >>> then, what is the political endgame for both republicans and democrats? who wins and who loses as this fight drags on? >>> plus, the future of the republican party is a hot topic as both sides start plotting the 2016 campaign. our political roundtable features two former capitol hill insiders, newt gingrich and lawrence o'donnell. plus, three journalists on the story. >>> the looming fiscal cliff 22 days away. is it stalemate or compromise? we'll go ins
>>> this morning on "meet the press," time is running out to avoid the fiscal cliff. is a deal closer than most think? >>> this morning on "meet the press," time is running out to avoid the fiscal cliff. is a deal closer than most think? >>> in public, the lines are drawn. but behind the scenes, the give and take over taxes and entitlement cuts point toward a deal by christmas. what is standing in the way? this morning, the debate is right here....
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Dec 10, 2012
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why aren't you for going over the fiscal cliff? i heard you yesterday saying it would be catastrophic, but let me read you estimates. we go over the cliff, we suddenly have -- we're basically taking in as much money as we're spending over a five-year period. yes, the economy is in bad shape in 2013 but by 2018 we'd have a debt to gdp ratio of 1.1%. isn't this simpson-bowles on steroids? >> you know, it's no different than what happened over in the uk, in my opinion. they had a similar proposal to what we proposed with dollar revenue and $3 worth of spending cuts. they had a cost benefit analysis they did on all the spending programs, they raised the retirement age. they slowed the rate of growth of health care and they tried to get to balance in four or five years. and we thought at the time the debt was too much too quick that amount of austerity would really, you know, lead to a recession. that's why we had as our number one priority in our program that we didn't want to do anything to disrupt a very fragile economic recovery, so
why aren't you for going over the fiscal cliff? i heard you yesterday saying it would be catastrophic, but let me read you estimates. we go over the cliff, we suddenly have -- we're basically taking in as much money as we're spending over a five-year period. yes, the economy is in bad shape in 2013 but by 2018 we'd have a debt to gdp ratio of 1.1%. isn't this simpson-bowles on steroids? >> you know, it's no different than what happened over in the uk, in my opinion. they had a similar...
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Dec 10, 2012
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>> reporter: still the fiscal cliff. good morning and happy monday, guys. it's kind of a weird day out there. a little foggy. erskine bowles, he of simpson-bowles was on "squawk box" this morning and put the number to it. he thought there was a 40% chance that a deal would get reached by the end of the year. a 30% chance that the deal would get done early next year and then the remainder, whatever that might be, would be never and he called that chaos. so really it's all about the fiscal cliff, guys. i wish i had something a little more light and fun for you on a monday morning. >> nothing like going through friday's numbers, down to 7.7%. a lot of chatter over the weekend that was only because people were getting out of the workforce in record numbers, et cetera, et cetera. what's your take? what's wall street's take on the numbers on friday? >> reporter: it's like this. it's like i reported on friday. it's better than expected. what we did in our "street signs" was why are the expectations so low? i went through the numbers, back to 2002, ten years ago. 5
>> reporter: still the fiscal cliff. good morning and happy monday, guys. it's kind of a weird day out there. a little foggy. erskine bowles, he of simpson-bowles was on "squawk box" this morning and put the number to it. he thought there was a 40% chance that a deal would get reached by the end of the year. a 30% chance that the deal would get done early next year and then the remainder, whatever that might be, would be never and he called that chaos. so really it's all about...
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Dec 9, 2012
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host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have money in the economy? guest: on the medicare aside -- this is a very important issue were one needs a lot of public a lot -- a lot of public education about the numbers and the reality. the gap between peril taxes paid in and premiums paid into medicare and spending going out his $3 billion per year. that program is a big part of the problem. it is also true of medicaid and ssi, i think they should all be looked at carefully we have sold this section to the american public that they pay a dime into a program, they deserve all the benefits. the gap between what you pay into medicare and w
host: democrats line and we're looking at the fiscal cliff, go ahead. caller: good morning. i want to know why we keep talking about social security and medicare? why are we not talking about ssi and medicaid? that is where the problem really lies because they have not paid into the program. social security and medicare. if we want to fix the situation, we need to cut to that plus all these charitable contributions. we've got people spending money for christmas so why are we not able to have...
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Dec 11, 2012
12/12
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becausing cnbc because they were broadcasting live about the fiscal cliff. and who do they have live? but grover norquist. isn't he just so yummy. you just want to hit him with a bat -- [ buzzer ] >> stephanie: the "stephanie miller show" does not endorse hitting him in a bat. >> however, if we were to drawn that would be ironic. >> stephanie: there going the norquist! [ applause ] >> stephanie: looky here it is a hate letter from someone named jeff. hey, steph, i don't actually watch your show -- >> then >> stephanie: oh jeff you can watch again in ten minutes -- >> or you would not watch it for another three-hours. >> stephanie: we're incredibly popular thanks to people like you that don't watch but have thoughts about it. hey, steph, i don't actually watch your show it's just that the cable channel has your show sandwiched between two relevant show. kind of like you and lie have your head sandwiched between your two but cheeks. he didn't even spell it wrong. i just wanted to say hi, and asked if you realized how much more productive if you would be if you
becausing cnbc because they were broadcasting live about the fiscal cliff. and who do they have live? but grover norquist. isn't he just so yummy. you just want to hit him with a bat -- [ buzzer ] >> stephanie: the "stephanie miller show" does not endorse hitting him in a bat. >> however, if we were to drawn that would be ironic. >> stephanie: there going the norquist! [ applause ] >> stephanie: looky here it is a hate letter from someone named jeff. hey,...
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Dec 10, 2012
12/12
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. >> industrials to the fiscal cliff. >> exactly. a quick break now. the morning's top stories when we return. that's what we'll have. >> plus the man of the hour, erskine bowles. find out whether he thinks washington can avert economic disaster. the courage to rise above when skwaux box returns. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ made a retirement plan, they considered all her assets, even those held elsewhere, giving her the
. >> industrials to the fiscal cliff. >> exactly. a quick break now. the morning's top stories when we return. that's what we'll have. >> plus the man of the hour, erskine bowles. find out whether he thinks washington can avert economic disaster. the courage to rise above when skwaux box returns. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our...